July 8, 2020 / 6:10 AM / a month ago

BRIEF-Grant Thornton fined 3 million pounds over Conviviality audit

July 8 (Reuters) -

* FRC ANNOUNCES SANCTIONS AGAINST GRANT THORNTON UK LLP

* FINANCIAL REPORTING COUNCIL (FRC) HAS FINED GRANT THORNTON UK LLP (GRANT THORNTON) £3 MILLION

* FRC FINES GRANT THORNTON FOR FIRM-WIDE FAILURES TO ENSURE COMPLIANCE WITH ETHICAL STANDARDS AND REQUIREMENTS BETWEEN 2014 AND 2017

* FRC SAYS THERE WAS LOSS OF INDEPENDENCE IN RELATION TO ITS AUDIT OF CONVIVIALITY RETAIL PLC

* FRC SAYS GRANT THORNTON HAS AGREED TO A PACKAGE OF MEASURES DIRECTED AT IMPROVING QUALITY OF FUTURE AUDITS Source text for Eikon: Further company coverage: (Reporting By Huw Jones)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below